Each day, we here at "Piers Morgan Tonight" put together the news you need to know – from what happened last night to what will happen today.

For May 11, 2012 – JPMorgan loss to rattle stocks, missing sisters safe while the alleged captor is dead and Reese Witherspoon's parents in bigamy dispute...

• JPMorgan loss rattles stocks: "A sell-off in financial shares rattled the broader U.S. stock market Friday after banking giant JPMorgan said it would suffer a $2 billion trading loss. The Dow Jones industrial average (INDU) was down 40 points, or 0.3%, in early trading. The S&P 500 (SPX) fell 3 points, or 0.2%, while the Nasdaq (COMP) bucked the trend, rising 6 points, or 0.2%."

• Fugitive dead; two sisters alive: "Two young girls kidnapped from Tennessee were found alive in a wooded area of Mississippi, while their alleged captor, Adam Mayes, died after shooting himself in the head, authorities said."

• Obama team lay in wait for Mitt Romney: "With Mitt Romney's victories in the April 24 Republican primaries, a new phase of the campaign began at Obama re-election headquarters in Chicago. After a year spent hiring staff and building an organization, Obama for America finally had what it had been waiting for: an opponent."

• Demonstrators in Manila protest China's stance over disputed lagoon: "Scores of people in the Philippine capital held a demonstration Friday to protest China's increasingly bellicose rhetoric about a monthlong naval standoff between Beijing and Manila over a disputed lagoon in the South China Sea."

• Reese Witherspoon's parents in bigamy dispute: "Reese Witherspoon's mother wants a Tennessee judge to annul her husband's recent marriage because she says she is still married to him, according to court documents."

soundoff(One Response)

Beth

Did the banks learn nothing in 2008? I keep hearing the genius GOP candidates talking about smaller government and non-regulation. Are any of them ready to concede that perhaps Obama knows what he is talking about? I am a Canadian but I still worry that the U.S. might turn the country back over to the Republicans. I sure hope not.

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